If an investor does not own a material portion of a company, they shouldn’t be granted these rights, and vice versa.
Corporate Governance: Dictatorships VS Democracy
Andrew Parker

How do you reconcile being helpful on the Board vs simply having money? Is that the role of the independent directors?

To give an example from a past place I’ve worked: the investor who led one of ours rounds and had the most equity on the cap table never showed up for Board meetings. He wasn’t helpful at all. It seemed like an inefficient use of a Board seat to me…

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